The number of consumers becoming insolvent has risen 2.2 per cent in the 12 months to March 2017 according to new figures from the Superintendent of Bankruptcy.
 
Bankruptcies fell 2 per cent while consumer proposals were up 6.7 per cent in the year.
 
In the month from February to March 2017, consumer insolvencies were up 19.5 per cent nationally with all regions seeing an increase, led (in percentage terms) by Yukon at 150 per cent, although that was from 2 to 5 in number terms.
 
By volume, Ontario saw the largest increase (650), a 21.3 per cent increase.
 

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